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New York's Columbia College, the place Obama went to varsity, offered prime actual property on its new campus enlargement in West Harlem.
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If you happen to purchased your actual property asset by means of a bit 1031 tax-deferred trade, you have been allowed to defer capital gains taxes because of the change of your property for a like-type or similar actual estate property (e.g., an workplace constructing for a shopping mall).
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Even inside cities, zoning laws add a layer of unwanted complexity to commercial real estate investments.